Business Services Industry
A penitent Downer says it's winning.
Australasian Business Intelligence, October, 2006
Byline: Henry Byrne
Oct 22, 2006 (The Australian Financial Review - ABIX via COMTEX) -- Australian engineering contractor, Downer EDI, is trying to regain the confidence of shareholders. In August 2006, the company unexpectedly wrote down $A200 million of bad contracts. This caused its value to fall by over $A700 million, or one third, in a day. MD Stephen Gillies admitted that the company made mistakes and its transparency was questioned. Downer is still suffering from the perception that it manages risk poorly. However, Gillies said that it has very small exposure to fixed-price contracts and is continuing to win plenty of work.
Publication Date: 23 October 2006
DOWNER EDI LIMITED - ASX DOW
LEIGHTON HOLDINGS LIMITED - ASX LEI...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
